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2010 SESSION
SB 20 Open-end loan plans; caps finance charges and fees that may be charged on extension of credit.
Introduced by: Mamie E. Locke | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Car title loans; finance charges. Caps the finance charges that a lender may charge on an open-end credit plan that is secured by a nonpurchase-money security interest in a motor vehicle at an annual rate of 36 percent.
FULL TEXT
HISTORY
- 12/23/09 Senate: Prefiled and ordered printed; offered 01/13/10 10100304D
- 12/23/09 Senate: Referred to Committee on Commerce and Labor
- 02/08/10 Senate: Incorporated by Commerce and Labor (SB250-Reynolds) (15-Y 0-N)
- 02/15/10 Senate: Reconsidered by Commerce and Labor
- 02/15/10 Senate: Failed to report (defeated) in Commerce and Labor (6-Y 9-N)